Election called tomorrow

[chicoazul]

I'm sorry to hear that..

No, it's all ace. When I transfer my meagre savings to a UK account I get a boss exchange rate = new trabs and more ale.

 

[Matt Damon]

So if Cameron gets in the pound will strengthen?

Hate to be selfish but that is the last thing I want, I get paid in dollars.

I get paid in dollars and euros and pounds too.

I still get taxed by this government though, and charges the banks need to raise to pay for taxes - get applied on transactions I make.

So your point is?

AND AS I SAID. ITS LESS THE CURRENCY MARKET - THATS THE CONCERN - ITS THE GILT BOND MARKET

(i.e. the cost of government borrowing increasing under Labour relative to Conservatives that is the major major - Greece style concern).

The bonds - are what the Government is using to borrow funds - for every 1 in 4 pounds spent under Labour

The more it borrows the higher the cost, and the weakness of Labour the higher the cost.


IT IS THAT SIMPLE. BELOW AS IT GOES UP IN HEIGHT - THE MORE IT COSTS ME AND YOU LONG TERM!!!!!!!!!!!!

The graph shows gilt yields. Higher is bad - because it reflects the market's perception that lending to Alistair Darling is more risky.

 

[chicoazul]

I get paid in dollars and euros and pounds too.

I still get taxed by this government though, and charges the banks need to raise to pay for taxes - get applied on transactions I make.

So your point is?

AND AS I SAID. ITS LESS THE CURRENCY MARKET - THATS THE CONCERN - ITS THE GILT BOND MARKET (i.e. the cost of government borrowing increasing under Labour relative to Conservatives).

That when I transfer money into my UK account I get a boss exchange rate, so I have more money to spend back home.

Point out the bit where I confused you lid.

 

[Matt Damon]

EQUALLY CHICO

There is an argument to devalue the pound - TO MANUFACTURE OUR WAY OUT OF THIS AND TO ENCOURAGE GROWTH.


This is what Greece cannot do INSIDE THE EURO.


We can though.

But Labour can't because THE PRICE OF BORROWING (gilt prices prices) go up!

 

[Matt Damon]

That when I transfer money into my UK account I get a boss exchange rate, so I have more money to spend back home.

Point out the bit where I confused you lid.

A too high £ reduces economic competitiveness - especially in areas that could encourage manufacturing growth here Chico.

It also reduces the trade deficit as we import less lid.


I'm actually helping you lid. You just can't see it.

But A dropping £ AND increasing gilt bond - is a nightmare scenario for us.

Our currency is worth less and the cost of borrowing for the government goes up - its a double whammy.



As you can tell I'm not for economic volatility CAUSED BY LABOUR !

 

[Robert Jarvis]

Dave wake up, no amount of blustering about Cameron will take away the fact that Labour lost and lost badly. It has been their worst performance since Foot got the boot!! Remember that!

No amount of gloss that you come out with will hide the unassailable truth that Labour have done poorly, in fact if it was a Lab/Libdem pact you would be praisiing Clegg.

However all this ignores the patent truth of the deep mess the country is in over it's finances and the debt position has been made a lot worse because of Brown's policy over the years of big spending, big borrowing and create more taxes. I am astonished that many cannot simply see the dreadful position the country is in, which means there will have to be hard decisions made by who ever is in charge. Brown failed in all his time as Chancellor to get to grips with the Tax avoidance, Tax evasion, Benefit fraud which has cost the country dearly. For example tax Credit fraud runs at about 2 billion a year and did you know when it was rushed in by Brown the Computer systems crashed and it all had to be done manually resulting with a few billion being lost and written off.

What is happening in Greece could easily happen here where the public sector are being asked to shoulder the cuts when they were not to blame but the Governmental corruption, the business communities and self employed engaged in tax evasion have been the real cause of their problems.

 

[chicoazul]

It reduces economic competitiveness - especially in areas that could encourage manufacturing growth here Chico.

It also reduces the trade deficit as we import less lid.


I'm actually helping you lid. You just can't see it.

But not for currency volatility due to Labour!

Nah, I'm still Labour man.

I don't care what happens in the UK as long as I have more beer money due to a really weak pound.

Can we have a few more hung parliaments please?

Did you get onto those kicking off as they couldn't vote past 10pm and going on about democratic rights and all that?

That's why I despair for large parts of the British population that.

 

[Matt Damon]

Dave wake up, no amount of blustering about Cameron will take away the fact that Labour lost and lost badly. It has been their worst performance since Foot got the boot!! Remember that!

No amount of gloss that you come out with will hide the unassailable truth that Labour have done poorly, in fact if it was a Lab/Libdem pact you would be praisiing Clegg.

However all this ignores the patent truth of the deep mess the country is in over it's finances and the debt position has been made a lot worse because of Brown's policy over the years of big spending, big borrowing and create more taxes. I am astonished that many cannot simply see the dreadful position the country is in, which means there will have to be hard decisions made by who ever is in charge. Brown failed in all his time as Chancellor to get to grips with the Tax avoidance, Tax evasion, Benefit fraud which has cost the country dearly. For example tax Credit fraud runs at about 2 billion a year and did you know when it was rushed in by Brown the Computer systems crashed and it all had to be done manually resulting with a few billion being lost and written off.

What is happening in Greece could easily happen here where the public sector are being asked to shoulder the cuts when they were not to blame but the Governmental corruption, the business communities and self employed engaged in tax evasion have been the real cause of their problems.

ARTICLE:
The comments from Clegg and then Cameron gave sterling some relief, but ... questions remain over whether the Conservatives and the Liberal Democrats can work together," said currency strategist Audrey Childe-Freeman at Brown Brothers Harriman.

"The market is very much focussed on what measures the new government will take to address the UK's debt predicament over the next few quarters," she added.

An outright win for the Conservatives had been seen by many investors as the most beneficial outcome for both sterling and UK government bonds, given the centre-right party's tough talk on cutting the deficit.

An indecisive result, with potentially days or even weeks of horse-trading, had been regarded as the worst possible outcome for UK assets as pressure mounts on the government to curb borrowing.

Ratings agencies Moody's and Standard & Poor's said election result did not pose an immediate threat to Britain's triple-A sovereign rating. But analysts warned that investors could lose patience fast.

"Without clarity, the market will drift and there's little compelling reason to support sterling assets," said Moyeen Islam, strategist at Barclays Capital.

THAT EMBOLDENED BITS SHOULD MAKE EVERY BRITON TAKE NOTE.

AND JUST WHAT BROWN IS DOING WITH THE UK ... the irresponsible ****


The UK economy is being propped up by international markets - as we are borrowing so much.

What is happening in Greece could very easily happen here thanks to Gordon ****ing Brown

 

[chicoazul]

A leap of faith there Mr D, suggesting that the Greece thing could happen here.

You're using the very scaring tactics you deplored Labour for. Did Blair touch your missus or something?

 

[Matt Damon]

A leap of faith there Mr D, suggesting that the Greece thing could happen here.

You're using the very scaring tactics you deplored Labour for. Did Blair touch your missus or something?

Its not scare tactics at all.

Denying the possibility of it happening - is as bad as the Greek champagne socialists denying it could happen in Greece.

Or allowing it to happen because it was politically inconvenient to them - and people like DAVEK.


The evidence is there above.

 

[Robert Jarvis]

Chico. Portugal, Spain and Italy have similar problems, we would just be the next domino if the big money in the world pulled the plug on us and started runs on the £. You have to wake up to how serious this is or pretty damn soon you won't even have beer money.

remember George Soros!!

 

[chicoazul]

Its not scare tactics at all.

Denying the possibility of it happening - is as bad as the Greek champagne socialists denying it could happen in Greece.

Or allowing it to happen because it was politically inconvenient to them - and people like DAVEK.


The evidence is there above.

You don't have to use that pre-fix all the time you know.

To be honest, the Greeks in high positions could see this coming a wee while back, then it spiralled. Too bad.

Chico. Portugal, Spain and Italy have similar problems, we would just be the next domino if the big money in the world pulled the plug on us and started runs on the £. You have to wake up to how serious this is or pretty damn soon you won't even have beer money.

remember George Soros!!

So we'd be the next domino, after half of Europe Mr J? Our situation is not that severe, not even close. The media are doing a wonderful thing of spinning it all up though.

My beer money exists along as the dollar stays sound, hoping that Irish President of theirs keeps on doing the business mate.

 

[Mutzo Nutzo]

makes note to buy home brew kit from the aldi

 

[chicoazul]

One thing is for sure, the GOT Exit Poll was very wrong.

Sack them D/D.

 

[Mutzo Nutzo]

One thing is for sure, the GOT Exit Poll was very wrong.

Sack them D/D.

Why...did the beavers get in?